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ICA Module 2 Test | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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ICA Module 2 Test | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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Terms in this set (10)



Which of the following is a real limited liability company (LLC)
company legal structure?


B corporation
limited liability company (LLC)
double proprietor
bi-lateral partnership


A sole proprietor: has no separation of liability if a claim is
filed against you
has no separation of liability if
a claim is filed against you
is more complicated for taxes
is expensive to set up
is the most complicated form
of business legal structure

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